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$330,000

For Sale

4 days ago

217 E Drayton St, Ferndale, MI

House

MLS® 26038927

3 Bed

2 Bath

--

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 3
Lot Size 0.0373 Acres
Approx. Age 1925
MLS® Number 26038927

Property Address: 217 E Drayton St, Ferndale, MI, 48220-3743

Average square foot calculated using Size range provided by listing agent.

Description

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1, 700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1, 185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.
MLS® Number26038927
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
BasementOther
DrivewayConcrete
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 28, 2026List Date
$330,000List Price

Home Appraisal

This property is estimated to sell between: $330,000 and $417,000.
Similar properties in this area sold on average for: $387,700
Expect to pay over asking. 61% of similar properties sold for more than the asking price.
Expected to sell in 13 days. Similar properties sold in 16 days. This home has been on eXp Realty for 3 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
217 E Drayton St, Ferndale, MI

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